TLS Vehicle Rental - one of the UK's largest commercial vehicle hire and rental companies with more than 18,000 vehicles on its books – has become the victim of a consolidation process that sees it swallowed by a new GE company.
As a result, Carl D'Ammassa, CEO of TLS Vehicle Rental, has left the company voluntarily.
TLS is one of four stand-alone GE companies that have been consolidated to create the new GE Equipment Services Group.
Carl D'Ammassa was also head of the other three companies - TIP, GE Plant Hire and Key Lease. A GE spokesman described the changes as part of an ongoing reorganisation process that is taking management layers out of the company.
GE Equipment Services will be run by a new management team headed by Bob Fast, president and CEO of GE Equipment Services Europe.
GE has confirmed that the four companies will continue to trade independently.
Fast said: "The changes made are very much at a senior management level only and are tied to organisation changes across Europe. The day to day running of these companies will remain very much business as usual."
Login to comment
Comments
No comments have been made yet.